FOREX VIDEO - Pre London Outlook September 29th 2009

Source: blogs.fxstreet.com

Hi everyone, for today’s presentation I stick with the majors and analyze the Pound USD, Euro USD and Euro Pound. The Pound has hit some significant support on a weekly chart so the question for us over the next 48 hours is whether we are going to see a significant pullback or is price determined to continue to the short side? All three currency pairs today are looking trapped on the medium term and I make use of some simple price traps to determine direction. Good luck!! David Pegler


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